Craniomaxillofacial Implants Market To Reach Us$1.7 Bn By 2022 Owing To Rising Number Of Road Accidents

A new Transparency Market Research report states that the global
craniomaxillofacial implants market stood at more than US$1 bn in 2013 and is
predicted to reach US$1.7 bn by 2022. It is expected to expand at a CAGR of
6.20% from 2014 to 2022. The title of the report is “Craniomaxillofacial
Implants Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2014 - 2022”.

As per the report, the increasing aging population, the growing number
of road accidents, and the rising demand for customized craniomaxillofacial
implants are fuelling the market for craniomaxillofacial implants. In addition,
the rising count of centers for craniomaxillofacial surgeries globally is also
augmenting awareness amongst the public on craniomaxillofacial surgeries and
implants, thus fuelling the market for craniomaxillofacial implants. On the
other hand, factors such as the soaring cost of craniomaxillofacial surgeries
and the absence of proper health insurance schemes in emerging nations are
predicted to impede the growth of the market.

In
terms of location, the market is segmented into external fixators and internal
fixators. Amongst these, on the basis of revenue, in 2013, internal fixators
constituted the biggest share in the market for craniomaxillofacial implants.
The key factors responsible for the dominance of this segment include the
better healing properties, lower infection risk, and steady nature of internal
fixators. This segment is poised to rise at the highest CAGR between 2014 and
2022 owing to enhancements in the metallurgical formulation of these fixators,
hence resulting in enhanced corrosion resistance properties.

On the
basis of composition, the craniomaxillofacial implants market is segmented into
metals and alloys, calcium ceramics, biologic materials, and polymers. Amongst
these, in 2013, the metals and alloys segment emerged as the largest segment on
the basis of revenue. This is owing to the enhanced strength to weight ratio,
improved osseointegration properties, and the enhanced biocompatibility of
metallic craniomaxillofacial implants. On the other hand, the segment of
biologic materials is predicted to witness the fastest growth in the forecast
horizon owing to the resorbable and flexible nature of this material.

On the
basis of type, the market is segmented into bone graft substitutes, plate and
screw fixator systems, TMJ replacement devices, and distraction systems.
Amongst these, in 2013, the segment of plate and screw fixator systems led the
market owing to the fact that these systems impose minimum damage to tissues
and bones and thus are the most reliable method of internal fixation of cranial
and facial bones. However, the segment of distraction systems is poised to rise
at the highest CAGR from 2014 to 2022 owing to the rise in jaw deformities as a
result of genetic disorders and road accidents.

Geographically,
the market is segmented into Europe, North America, Latin America, Asia
Pacific, the Middle East and North Africa (MENA), and Rest of the World (Row).
Amongst these, in 2013, North America led the market owing to the rising
occurrence of facial injuries and the rising acceptance of craniomaxillofacial
implants that are technologically advanced. On the other hand, Asia Pacific is
predicted to experience the highest growth due to the growing aging population
and increasing occurrence of hereditary facial abnormalities in the region.

The global craniomaxillofacial implants market
has been segmented as follows:

Craniomaxillofacial Implants Market, by Location

·Internal Fixators

·External Fixators

Craniomaxillofacial Implants Market, by
Composition

·Calcium Ceramics

·Metals and Alloys

·Polymers

·Biologic Materials

Craniomaxillofacial Implants Market, by Nature

·Non-resorbable

·Resorbable Fixators

Craniomaxillofacial Implants Market, by Type

·Plate and Screw
Fixator System

·Bone Graft Substitutes

·Distraction Systems

·TMJ Replacement
Devices

Craniomaxillofacial Implants Market, by
Geography

·North America

·Europe

·Asia Pacific

·Latin America (LATAM)

·Middle East and North
Africa (MENA)

·Rest of the World
(RoW)

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